When looking to take out student loans, it is important to do your research and ensure that you are making a smart decision.
Student Loans and Bankruptcy
Biden Hoping to Relieve Student Loans
President-elect Joe Biden has affirmed his support for erasing some student debt “immediately.” This move would eliminate up to $10,000 in private, nonfederal student loans for borrowers that are “economically distressed.
For Millions Deep in Student Loan Debt, Bankruptcy Is No Easy Fix
“Student loans are the second-biggest form of household debt in the United States. More than 43 million borrows hold over $1.6 trillion in student loans, a sum that has more than tripled in 13 years.